Improving procurement’s business value through effective tail-spend management
A procurement expert has emphasised the importance of tail-spend management, arguing that overemphasis on seeking optimal cost reductions
Odesma’s response to the Global Pandemic – Procurement must go on!
Following on from Monday’s announcement from the UK government to put in place protective measures to safeguard us all in the UK, Procurement has a key role to play in ensuring continuity of supply chains, keeping in touch with suppliers whilst ensuring internal...
Why there’s more to procurement than business-as-usual cost reduction
A procurement expert has urged public sector procurement and supply chain professionals to push back against the intense pressure to confine them primarily to cost-reduction initiatives and focus instead on demonstrating their true worth by adding value and mitigating...
Value-based procurement: a new paradigm for procurement?
The NHS is pioneering an intriguing new approach to procurement that may have relevance to procurement professionals engaged in industries well beyond the health sector, the medical technology news outlet Med-Tech Innovation reports. The novel initiative,...
How to avoid the risk of bribery in procurement
As a procurement professional, you are always at risk of bribery. Bribery is unacceptable and is also illegal under the Bribery Act 2010.
Why procurement pros need to help with cash-to-cash cycles
Procurement professionals should reach out to colleagues in finance and offer to help out with vendor payments and the cash-to-cash cycle (CCC)
